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The macroeconomic impact of structural reforms

Author

Listed:
  • de Bandt, O.
  • Vigna, O.

Abstract

In addition to their credibility, the co-ordination and ranking of reforms are key to reducing costs in the short term and benefiting from positive effects in the long term.

Suggested Citation

  • de Bandt, O. & Vigna, O., 2008. "The macroeconomic impact of structural reforms," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 11, pages 5-32, Spring.
    • Handle: RePEc:bfr:quarte:2008:11:01
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    References listed on IDEAS

    as
    1. Pitlik, Hans & Wirth, Steffen, 2003. "Do crises promote the extent of economic liberalization?: an empirical test," European Journal of Political Economy, Elsevier, vol. 19(3), pages 565-581, September.
    2. Eijffinger, S.C.W. & Rossi, A., 2006. "Structural Reforms and Growth : Product and Labor Market Deregulations," Other publications TiSEM 824cc32a-73fd-4865-adb6-e, Tilburg University, School of Economics and Management.
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    8. Coffinet, J. & Matheron, J. & Poilly, C., 2007. "Estimations du ratio de sacrifice dans la zone euro," Bulletin de la Banque de France, Banque de France, issue 157, pages 25-33.
    9. Marianne Bertrand & Francis Kramarz, 2002. "Does Entry Regulation Hinder Job Creation? Evidence from the French Retail Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 117(4), pages 1369-1413.
    10. Giuseppe Nicoletti & Stefano Scarpetta, 2005. "Product Market Reforms and Employment in OECD Countries," OECD Economics Department Working Papers 472, OECD Publishing.
    11. Nicolas Maggiar & Antoine Devulder & Christophe Cahn & Stéphane Adjemian, 2008. "Variantes en univers incertain," Économie et Prévision, Programme National Persée, vol. 183(2), pages 223-238.
    12. Oecd, 2005. "The Benefits of Liberalising Product Markets and Reducing Barriers to International Trade and Investment in the OECD," OECD Economics Department Working Papers 463, OECD Publishing.
    13. Jean Pisani-Ferry & André Sapir, 2006. "The Last exit to lisbon," Bruegel Policy Brief 41, Bruegel.
    14. Richard Freeman, 2005. "Labour market institutions without blinders: The debate over flexibility and labour market performance," International Economic Journal, Taylor & Francis Journals, vol. 19(2), pages 129-145.
    15. Olivier Blanchard & Francesco Giavazzi, 2003. "Macroeconomic Effects of Regulation and Deregulation in Goods and Labor Markets," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 118(3), pages 879-907.
    16. Nicola Brandt & Jean-Marc Burniaux & Romain Duval, 2005. "Assessing the OECD Jobs Strategy: Past Developments and Reforms," OECD Economics Department Working Papers 429, OECD Publishing.
    17. Mr. Luc Everaert & Mr. Werner Schule, 2006. "Structural Reforms in the Euro Area: Economic Impact and Role of Synchronization Across Markets and Countries," IMF Working Papers 2006/137, International Monetary Fund.
    18. Ernst, Ekkehard & Gong, Gang & Semmler, Willi & Bukeviciute, Lina, 2006. "Quantifying the impact of structural reforms," Working Paper Series 666, European Central Bank.
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    Cited by:

    1. Cacciatore, Matteo & Duval, Romain & Fiori, Giuseppe & Ghironi, Fabio, 2016. "Short-term pain for long-term gain: Market deregulation and monetary policy in small open economies," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 358-385.
    2. Ms. Lusine Lusinyan, 2018. "Assessing the Impact of Structural Reforms Through a Supply-side Framework: The Case of Argentina," IMF Working Papers 2018/183, International Monetary Fund.
    3. Moshammer, Edmund & Pierluigi, Beatrice & Masuch, Klaus, 2016. "Institutions, public debt and growth in Europe," Working Paper Series 1963, European Central Bank.
    4. Klaus Masuch & Edmund Moshammer & Beatrice Pierluigi, 2017. "Institutions, public debt and growth in Europe," Public Sector Economics, Institute of Public Finance, vol. 41(2), pages 159-205.
    5. Sudeshna Ghosh & Buhari Doğan & Muhlis Can & Muhammad Ibrahim Shah & Nicholas Apergis, 2023. "Correction to: does economic structure matter for income inequality?," Quality & Quantity: International Journal of Methodology, Springer, vol. 57(6), pages 5739-5739, December.
    6. Masuch, Klaus & Moshammer, Edmund & Pierluigi, Beatrice, 2016. "Institutions and Growth in Europe," CEPS Papers 11482, Centre for European Policy Studies.

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    More about this item

    Keywords

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    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation

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